This was mainly due to €1.2 billion worth of litigation charges
for the period. This brought total litigation charges to €5.2
billion for 2015, up from €2 billion booked in 2014.

"We are focused on 2016 and continue to work hard to clear up
our legacy issues. Restructuring work and investment in our
platform will continue throughout the year.

"We know that periods of restructuring can be challenging.
However, I’m confident that by continuing to implement our
strategy in a disciplined manner, we can and will transform
Deutsche Bank into a stronger, more efficient, and better run
institution."

Full-year revenue rose by 5% to €33.5 billion, though revenue
in the fourth quarter cratered by 15% year-on-year to €6.6
billion.

Deutsche Bank will release its final financial statements on
March 11.

Later Thursday, Cryan confirmed to reporters in a news
conference that Deutsche Bank's supervisory board took
the decision not to award bonuses to management.

But investors expected this huge loss.

Last week, Deutsche Bank warned markets that it was facing a net
loss of about €6.7 billion for last year.

But restructuring charges tipped the bank's net loss over this
forecast, as it cost €800 million in the fourth quarter of last
year to pay for severance packages after the group decided to
close numerous retail banking branches. Another €100 million was
lost because of Deutsche Bank's hiving off Postbank.

"In 2015 we made considerable progress on the implementation of
our strategy. The much needed decisions we took in the second
half of the year contributed to a net loss for the fourth quarter
and full year," said John Cryan, Deutsche Bank's co-CEO.

"We are focused on 2016 and continue to work hard to clear up
our legacy issues. Restructuring work and investment in our
platform will continue throughout the year.

"We know that periods of restructuring can be challenging.
However, I’m confident that by continuing to implement our
strategy in a disciplined manner, we can and will transform
Deutsche Bank into a stronger, more efficient, and better run
institution."

Full-year revenue rose by 5% to €33.5 billion, though revenue
in the fourth quarter cratered by 15% year-on-year to €6.6
billion.

Deutsche Bank will release its final financial statements on
March 11.

Later Thursday, Cryan confirmed to reporters in a news
conference that Deutsche Bank's supervisory board took
the decision not to award bonuses to management.

"In the context of the overall performance of the bank
last year, which the board has to own ... that is a decision
which I respect," Cryan said, according to Reuters and
the Financial Times, which were at the conference.